This calculator will estimate the amount of time it will take to pay off a given debt. Plus, it will also tell you the average monthly interest you will pay between now and when the debt is paid off.
What is your monthly payment?
What percentage interest are you paying?
What is your remaining principle balance?
Are you making "Fixed" or "Declining Minimum" payments?
Interest you pay every month:
Number of months to erase this debt:
Number of years to erase this debt: